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- 1 Blur price fell from the nearest resistance level at $104.
- 2 BLUR coin price (COINBASE: BLUR) increased by 3.35% over the last 24 hours and by 14.19% over the past week.
- 3 At press time, Blur is trading at $91.99, and the 52-week price range is $40 – $132.
Blur is a platform that lets users trade and manage NFTs from various marketplaces. It provides services like live price updates, NFT portfolio tracking, and NFT comparison tools. The governance token of Blur is called BLUR.
The maximum M.C. of Blur (BLUR) is $1,007,856,579, assuming all 3 Billion BLUR tokens are already in circulation. This is a theoretical calculation of the full value of the token, according to Coingecko, a website that provides crypto data and information. However, the actual circulation of BLUR tokens may depend on how they are emitted over time, so it may take years to reach the full value
Blur crypto surged 0.06% in market value but plummeted by 0.26% in trading volume in the last 24 hours, per Coinmarketcap which is a crypto data and info website. Its market value is $261,860,630 and its trading volume is $1,000,019,095. There are 783,114,374 BLUR in circulation.
Blur (BLUR) open interest is $31.62 Million. As per Coinglass, which is a crypto analysis website, it fell by 1.62% in the previous session. The long versus short ratio for 24 hours is 0.8925. The total number of short positions added in the last 24 hours is $6.64k against longs of $42.84K.
Moreover, the BLUR coin showed poor performance this month, as it is fell by13.21% and by 64.52% in the past six months.
Blur Price Technical Analysis in 1-D Timeframe
As per the price action, the Blur coin price bounced back from the demand zone and the all-time low of $0.2964 and surged by about 30% to reach $0.3819.
However, the Blur coin faced resistance at this level and entered a consolidation phase. The Blur price (BLUR) has been fluctuating between the upper and lower trendlines, forming a symmetrical triangle pattern. This pattern indicates that the Blur price (BLUR) is indecisive and could break out in either direction, depending on the market sentiment and volume.
As of now, the Blur price (BLUR) is consolidating. This means that if the bulls can push the Blur price above the current market price (CMP), then the coin price could reach the targets of $0.3819 and $0.4029, which are the previous high and the next resistance level respectively.
On the other hand, as per Blur price (BLUR) action, if the bears can drag the Blur price below the CMP, then the coin price could drop to the support levels of $0.3149 and $0.2964, which are the previous low and the all-time low respectively.
Blur crypto price (BLUR) is under the 20 and 50-day EMAs (exponential moving average), which are resisting the price. Therefore, Blur price prediction indicates that the coin price could decline more if it breaks below more EMAs.
The MACD line at 0.01 and the signal line at 1.15 are above the zero
line. A bearish crossover is observed. The current value of RSI is 46.91 points, and the 14 SMA is at 50.43 points, the RSI line took rejection and is headed for the oversold zone. Hence, the Blur price prediction suggests the coin price is bearish.
Conclusion
As per the Blur price prediction, the coin has recovered from its lowest point but is still facing downward pressure from the moving averages. The Blur crypto price is also trapped in a symmetrical triangle pattern, which indicates uncertainty and indecision in the market. The technical indicators, such as MACD and RSI, confirm this consolidation phase. The Blur price (BLUR) could move in either direction, depending on the market sentiment and volume.
Technical Levels:
- Major support level: $0.3149 and $0.2964.
- Major resistance: $$0.3819 and $0.4029.
Disclaimer
In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
